Vietnam News Economy

Green taxonomy, a framework for defining what can be considered environmentally sustainable, becomes critical as a base for banks to accelerate the provision of green credit, heard a conference on Tuesday.

Việt Nam Electricity (EVN), Việt Nam National Coal and Mineral Industries Holding Corporation Limited (TKV), and Đông Bắc Corporation have proposed solutions to secure sufficient coal for power generation as thermoelectricity is expected to rise significantly to meet 2025's socio-economic power demand.

The event is organised by the Private Label Manufacturers' Association (PLMA).

A workshop was held in Tokyo on Monday to introduce to Japanese businesses investment trends in Việt Nam and its pioneering industrial parks with carbon neutral initiatives.

Việt Nam's exports to the UK in the last 10 months amounted to nearly $6.4 billion, a 22 per cent annual increase.

The securities subsidiaries of the Big4 banks remain relatively unremarkable, leaving limited impact on the market.

Farmers, producers, and the agricultural authorities in Hòa Bình Province are waiting for feedback on their locally produced honey, which was exported for the first time to the UK last month.

Road transport of goods will continue to play a critical and increased role in Southeast Asia including Việt Nam as companies look to build more resilient supply chains, experts have said.

Việt Nam must do more in monitoring and managing information about who own and who are beneficiaries of businesses, said participants at a seminar organised by the Department of Business Registration under the Ministry of Planning and Investment on Monday.

HCM City will evaluate the competitive capacity of 28 government departments and agencies for the 2024 Department and District Competitiveness Index (DDCI), up from 25 last year, a conference heard on Monday.

In its latest report the US Department of the Treasury said that Việt Nam does not manipulate currency.

Airports Corporation of Vietnam (ACV) has started building a cargo terminal at Cát Bi International Airport, with a total investment of VNĐ724 billion (US$28.5 million). The project is expected to be operational by January 2026.

The stock market began the week with a mild drop, marking the VN-Index's third straight session of losses, while liquidity hit its highest level in five weeks.

The Hải Dương Handicrafts Association and Nam Vũ Clean Agricultural Cooperative organised a trade event in Thanh Hà District to help local businesses expand markets and find partners after Typhoon Yagi.

In October, Việt Nam shipped 7,260 tonnes of rubber to Malaysia, generating US$11.47 million in revenue, marking an impressive year-on-year increase of 861 per cent in volume and 1,240 per cent in value.

A seminar in Washington has explored new avenues for strengthening energy, industry, and trade cooperation between Việt Nam and the US, with key contributions from overseas Vietnamese experts and entrepreneurs.

The Ministry of Planning and Investment has received US$3.3 million in funding from the Swiss State Secretariat for Economic Affairs (SECO) to promote a circular economy and mitigate climate change impacts.

The total net profit from the foreign exchange trading segment of 29 banks in the first three quarters of 2024 reached more than VNĐ19.62 trillion.

More efforts should be put into developing a sustainable model for Dak Lak's swallow nest industry said participants at a conference organised by the Province's Department of Agriculture and Rural Development.

Brazil is currently Việt Nam's leading trading partner in Latin America. In recent years, two-way trade has grown rapidly to over US$7.1 billion in 2023 from $1.53 billion in 2011.